STB 0.00% 40.0¢ south boulder mines ltd

agm, page-11

  1. 10,427 Posts.
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    you can see from Nevsun's Bisha history that a similar scenario is being played out with STB. In fact the final buy in price was still not finalised until 6 months into commercial production. So people who think that the current situation is going to slow things up are dead wrong.

    January 2010: construction...

    http://www.nevsun.com/news/2010/january21/


    February 2011: commercial production...

    http://www.nevsun.com/news/2011/february22/


    June 2011: still negotiating final buy in price

    http://www.nevsun.com/news/2011/june30/


    Aug 2011: finalisation of deal with ENAMCO

    http://www.nevsun.com/news/2011/august23/

    note how the structure of the deal changed over time and wasn't concluded until 6 months into production...also the buy in was negotiated to come from after tax cash flows.

 
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